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Oklahoma · Snapshot open-us-law v2026.08, retrieved 2026-09-14

Okla. Stat. tit. 12A, § 12A-2-104: Definitions: "Merchant"; "Between merchants";

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  1. OK Code
  2. Title 12A

"Financing agency".

Definitions: "Merchant"; "Between Merchants"; "Financing

Agency".

(1) "Merchant" means a person who deals in goods of the kind or

otherwise by his occupation holds himself out as having knowledge or

skill peculiar to the practices or goods involved in the transaction

or to whom such knowledge or skill may be attributed by his

employment of an agent or broker or other intermediary who by his

occupation holds himself out as having such knowledge or skill.

(2) "Financing agency" means a bank, finance company or other

person who in the ordinary course of business makes advances against

goods or documents of title or who by arrangement with either the

seller or the buyer intervenes in ordinary course to make or collect

payment due or claimed under the contract for sale, as by purchasing

or paying the seller's draft or making advances against it or by

merely taking it for collection whether or not documents of title

accompany or are associated with the draft. "Financing agency"

includes also a bank or other person who similarly intervenes

between persons who are in the position of seller and buyer in

respect to the goods (Section 2-707).

(3) "Between merchants" means in any transaction with respect

to which both parties are chargeable with the knowledge or skill of

merchants.

Collected 2026-09-14T18:32:36Z. Source file · JSON

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